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Similarity

?

100%

92%

94%

Annual Fees

?

$173.55

(1.70% Exp. Ratio)

$28.59

(0.28% Exp. Ratio)

$46.96

(0.46% Exp. Ratio)

Future Est. Balance in 30 yrs

Assuming 2.09% annual return

$11,119.27

$17,097.74

$16,195.70

Est. savings over 30 yrs

—

+$5,978.47

+$5,076.43

Return

As of 11/30/16

1 YR RETURN

-1.31%

3 YR

3.49%

5 YR

2.86%

10 YR

2.69%

1 YR RETURN

0.82%

3 YR

5.54%

5 YR

4.00%

10 YR

--

1 YR RETURN

-0.09%

3 YR

4.00%

5 YR

3.41%

10 YR

3.91%

Description

The investment seeks to provide investors with a high level of current income exempt from federal, New York State and New York City income taxes, consistent with preservation of capital.
The fund invests, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in New York municipal securities at the time of investment. It invests primarily in investment grade New York municipal securities. The principal types of municipal debt securities purchased by the fund are revenue obligation and general obligation. The fund may not invest more than 20% of its net assets in unrated investment grade securities.

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch New York Long-Term Core Plus Municipal Securities Index.
The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax. The index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any U.S. territory or their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity. It is non-diversified.

The investment seeks a high level of current income, exempt from federal and New York State and City personal income taxes.
The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and New York State and City personal income taxes. It allocates assets across different market sectors and maturities. The fund potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.

The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

Resources

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many considerations which may influence your investment choices. FeeX's focus is on the fees
that you may be paying in your current investments versus the fees you could be paying in other
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uses its best judgment in recommending similar alternatives with lower fees, but cannot
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mutual funds, exchange traded funds, and other securities carries risk of all or part of the amount
invested. Market data is provided by Morningstar. Past performance information is not indicative
of future returns.